GCSE Economics

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GCSE Economics covers the following topics:

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MARKETS - Resource allocation, prices, production/costs/revenue/profit, competitive and restrained markets, and market failure​​​ 

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THE ECONOMY - National economy, government objectives, international trade, money and financial markets

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(OCR) National & International Economics - Growth, unemployment, government policies, balance of payments, and globalisation

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​​​​AS Level

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AQA, Edquas and OCR all offer Economics as AS Level.  Topics covered at AS Level include:​​​​

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MARKETS - The economic problem, price determination, production/costs/revenue, competitive and concentrated markets, the market mechanism/market failure and government intervention

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NATIONAL ECONOMY - Macroeconomic performance, the circular flow of income, AD/AS analysis, economic performance, and macroeconomic policy

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​​​​A Level

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AQA, Edquas, OCR all offer Economics at A Level, and Edexcel offers 2 economic courses (A and B) at A Level.  Topics covered include:

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MARKETS - The economic problem, decision making, price determination, perfect/imperfect competition, monopolies, the labour market, poverty and inequality, and the market mechanism

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NATIONAL & INTERNATIONAL ECONOMY - Macroeconomic performance, the circular flow of income, AD/AS analysis, financial markets, monetary/fiscal/supply-side policies, the international economy​​​​​​​​​​​​​​​​​​​​​​​